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Search Results 0 to 16 of about 17 (some duplicates have been removed)
Jan 9, 2013 7:00am EST
about shutting down the government revolve around the debt ceiling debate. i do not think it is a debt ceiling debate. the question is simple, do we want more debt or less debt. people like ted cruz and his colleagues say we should have less debt. republicans want less. the democrats want more get the same thing is to continue on the path we are on -- more. the insane thing to do is to continue the path we are on. we endorse responsible behavior. the only thing more irresponsible in shutting the government found it is continuing to suffocate ourselves in debt. we have 86 trillion dollars in unfunded liabilities the we have no idea how to pay. the previous guest said we could raise taxes on rich people. you could confiscate the wealth of every rich american, a new would be 30% short of the promises we have made. you cannot tax your way out of this. you need fundamental reform. we need to be serious about this. the pain of a temporary shutdown will pale in comparison to continue on the path we are on. host: what to make the fiscal cliff deal? guest: there was no good outcome. we oppose t
FOX Business
Jan 9, 2013 11:00am EST
with during 2011 debt ceiling debate, probably a plus for the president. i do. cheryl: probably why he did that. thank you. dennis: a billion smart phones can be sold this year, live at the consumer electronics show coming up with a ceo whose company will benefit from that time. plus how you can make some smart money on smart phones. cheryl: it is the worst flu season on record in a new report says this deadly strain of flu could cost employers billions of dollars. dennis: t two new congressman on hold finding americans like cockroaches more than congress. cheryl: take a look at oil, $92.93, at that range for quite some time. we will be right back. cheryl: coming up on 15 past the hour. we have team coverage for you right now. phil flynn in a steamy where oil is actually heading lower by a fraction. trolls pain is there to help you make money on skull candy. stocks are having a good run and all types of earnings. back to basics, nicole. nicole: let's talk about what wh you at the market. notice they came up with quarterly numbers yesterday after the bell. the big picture is they did well,
FOX Business
Jan 9, 2013 9:20am EST
on the horizon, of course, is this debt ceiling debate that's going to start, it's already started and that's coming up very soon. and that may be another fiscal cliff, cliff hanger as we approach that magical date. and who knows what the market's going to do when we run up for that date, that time line. nonetheless, the market is opening up now, this wednesday morning and again we're expecting a small gain and the opening trend will be slightly higher for the dow industrials, there you have it slightly higher. first, we heard it. the first that we heard was that a phone for the chinese markets, we reported that yesterday. it will be a new iphone, a cheaper iphone, give to the chinese market. we opened up the show with that news and our partners at the wall street journal reporting the very same story that apple is working on a lens expensive iphone. nicole, is this having any impact on the stock at all. i'm not sure which way-- >> slightly to the down side. no big lose yet. a lot of this news a lot of times comes out and it's all about the dollars and cents. what will be their margin, how
Jan 9, 2013 3:00pm EST
year choppiness and then you can settle in and do something once the debt ceiling debate is figured out and get some of the issues out of the way. >> we've lived in this environment for the last 18 months, one big disaster after another. everyone is waiting for the policy response, comes at the 11th hour and 59th minute. this is a pattern everyone has gotten used to but the fiscal cliff and the debt ceiling are the last big tail risks we think of the tail risks that we have to worry about, saw we would say once we get past that over the next several months we think it will lift a little bit of a cloud and investors will take risks. >> good to see you. >> good to see you. >> thanks so much for joining us. >> bob, thanks to you as well. ten minutes to go before we close it up. the dow jones industrial average holding on to a gain of 50 points. >> well, this herbalife soap opera is continuing. herb greenberg is coming up. all over the big move in the stock. take a look. up 3.25% right now. we'll show you what's behind it. >> and can you believe the iphone was only introduced five years ago
Jan 9, 2013 4:00pm EST
higher. nathan, you've got the debt ceiling debate on the horizon, even if we get another credit downgrade. you don't think that's a big risk either. >> look what happened when we had the last credit downgrade, maria, did just fabulous. bonds you'll get the coupon. look for a 9%, 10%, 11% return or you'll be very disappointed. i agree with rick, and i think what we'll get mostly is the coupon off the bonds. i still like large cap. i'm about 65% in large caps here in the united states. the rest of it is in large caps, in europe and over in asia, and i think that's particularly emerging market debt and emerging market stocks. i like those. we've also increased our stock position by about 5 p. my guess is that this congress is going to give us a few more opportunities, maria, to be buying as a dip before we get to the second half of the year, and when i find myself agreeing with merrill lynch as an independent adviser, i don't know, but i like what kate moore had to say. >> what you're saying basically is you've got to be in the market but look for the right places because we'll see
Jan 9, 2013 12:00pm EST
the debt ceiling debate. i don't think it's a debt ceiling debate, but a debt debate. the question is simple. do we want more debt or less debt? people like ted cruz and colleagues in the senate say we should have less debt, and republicans want less, the democrats want more. the insane thing to do is to continue on the path we're on. >> host: endorsing the idea of shutting down the government in order to get what the republicans would like? >> guest: endorse the idea of responsible behavior. you know, the only thing more irresponsible than shutting the government down is continuing to suffocate ourselves in debt. we have $16 trillion in debt. we have an annual deficit over a trillion dollars every single year, and we have $86 trillion in unfunded liabilities that we have no idea how to pay. the previous guest talked about raising taxes on rich people. the fact is you can take the net worth of every single american, take all of their money in their bank account, their homes, their cars, take everything, and you would be 30% short of the promises already made. you can't tax your way
FOX Business
Jan 9, 2013 1:00pm EST
secretary. if confirmed he will have to jump into the debt ceiling debate. that will be trial by fire, isn't it? rich edson is live at the white house. >> this is the reason why he is selected. he has really been a budget person here in washington for the past 30 years. he was budget chief under the clinton white house and obama white house. he has been in all the particular budget fights especially next to president obama with the debt ceiling year-and-a-half ago in most recent recent round. according to folks early in the week telling us at fox we would get announcement by the end of this week that jack lew would likely be the next treasury secretary pick from president obama. we don't have much week left. on friday the president of afghanistan, hamid karzai is expected to be here at the white house. that has us all looking at tomorrow as the official date for this. the reasoning behind that, yes, he has been in on all of the budget fights. he spent all of last few years really of his career in washington, d.c. in the federal government. he spent a few years at citigroup. he was the chie
Jan 9, 2013 9:00am EST
as this week. former fdic chair sheila bair is here on what that could mean for the debt ceiling debate. >>> another day, another bank call. this one, though, in the opposite end of the spectrum from what we've gotten recently. credit suisse downgrading bank of america citing valuation cause for concern. pleasure to have you with us. >> thanks for having me. >> seems like the primary driver behind this is the huge run we've seen in bank of america, the fact that right now it's trading at a multiple of 2013 earnings that exceeds jpmorgan as well as citi. does that imply that where citi and jpmorgan are trading, is that where bank of america should be trading? >> no, it's not at all. because bank of america does have a lot of cost reduction opportunities. on 2014 estimates, it's only one multiple point difference than 2 1/2. it narrows over time. but the issue really is, you know, are those cost cuts going to come in a straight line and could there be any interruptions. >> this almost sounds like a trading call at least for the near to intermediate term to switch out bank of america and g
Jan 9, 2013 11:00am PST
was the chief of staff. it seems for the next six months or so between the debt ceiling debate, the sequestration debate and the new budget that hopefully we bring in, that is going to preoccupy washington. he doesn't really have a lot of experience on the regulation side of things, which may cause some people on wall street to be concerned. but we're not really in a political environment, brooke, where the -- neither the white house nor most people are concerned with whether or not wall street likes the pick. but he is -- he's a guy who had experience. he was involved in the 1997 balanced budget deal. he's been involved in social security legislation. all the topics that are hot right now, jack lew does have experience with. >> you mentioned sequestration, of course. we have a couple of fiscal cliffs over the next two months. do we have any idea what kind of negotiator he'll be and he'll drive a tough bargain with the speaker of the house, john boehner. >> as the chief of staff of the white house, that's a key issue. you got to be able to be tough, you got to be able to negoti
Jan 8, 2013 7:00pm EST
the ceiling debate came around. and if democrats want, the debt ceiling raise, they should have harry reid produce a budget. >> i don't mean to cut you off. but senator sessions is coming on this show later on. one last one. the boehner rule, you want to raise the borrowing rule i think it is sound fiscally and plitly. >> one to one seems equal right? >> but seems like this deal $41 in tax hikes per $1 in spending cuts with middle class taxes going up, i doubt that we are going to get that either. this president has made clear he not only wants the debt ceiling raised. let's not forget, he wanted the debt ceiling eliminated. that is the kind of negotiating that he is putting forward even though he said he is going to have to negotiate. that is what he said for a long time. if the gop plays his cards right and sticks to the spending see kwaester, i think that will put obama back think the defense. stick around. we have much more cooking for you. but look, i shothought obamacar was supposed to keep costs down. we are going to tell you why. later on, team obama going all out an gun control. i
Jan 9, 2013 4:00am PST
spending, we wouldn't have to borrow more money. the debt ceiling, last one could you say, the debate was messy. we didn't get a downgrade because the results of that debate didn't solve the problem. president obama, after he got his tax increase, the tax part of his balanced approach, when he came out and said, okay, now, the debt ceiling is off the table, not going to negotiate it -- >> because it's spent, right? $16 trillion national debt. that's money that has been committed by congress. it's been committed by the very people who will fight over whether we should pay the bills. you go ahead, say congress committed this money. february 15th, interesting on the debt. 9 billion coming in $52 billion has to be paid. >> $2.5 trillion revenue coming into an annual basis, which equals what we spent in 2005. so you have to increase the debt ceiling because we continue to run deficits. >> so we need a budget to move forward. >> how about do that with the senate? >> we haven't had a budget for four years? >> christine, the only time we've produced fiscal restraint in this country, the messy
FOX News
Jan 9, 2013 8:00am PST
while we're debating these things. you have to increase the debt ceiling and keep the debate going and look to continue to cut spending. jon: we'll have you back another time to talk more about this. you obviously put a lot of thought into it. former congressman dennis kucinich. >> thank you. jenna: speaking after the pentagon, we talked a let about the planned troop withdrawal in afghanistan. now there is word the united states may take out all the troops leaving no american soldiers there. what is behind the so-called zero option? we go in depth next. jon: a fox news alert now. new details emerging on that commuter ferry crash in new york city. rick is live at the breaking news desk for us. >> we're tracking this from down in the newsroom because the details are changing quickly, jon. as you say a commuter ferry bringing people from new jersey along the east river to lower manhattan. we're told that's when they had what is called a hard landing. the ferry captain trying to dock right at the pier. not clear why there was this hard landing but there are many injuries. 57 people wer
Jan 9, 2013 7:00am PST
the debt ceiling. >> it is congress' responsibility to ensure that the bills congress racked up are paid. >> reporter: just one of several looming showdowns as the president prepares to kick off his second term. >> what you're seeing is a more aggressive barack obama, someone who is looking more at polishing what his place in history will be, the mark he wants to leave on the country in the next four years. and that, in some ways, means a more contentious relationship with congress. >> reporter: and some serious people, matt, are floating an idea to try to avoid that debt ceiling crisis, proposing that the treasury department mint a platinum trillion dollar coin. you would put that coin away in the federal reserve and then if necessary, you would spend it to help pay off the money that the u.s. owes. if that did happen, an idea some would call ridridiculous, you wd hate to be the person to put that coin in the million dollar meter. >> not a good thing, peter. thank you. >>> new jersey governor chris christie made some headlines recently when he called out gop republicans for postponing a
Jan 9, 2013 5:00pm EST
the debt ceiling. there is plenty of opportunity outside of threatening the full faith and credit of the united states to debate fundamental differences over or economic and fiscal policy proposals. it is not wise to do that around raising the debt ceiling. not right -- wise to do it around the principle that we pare debts. >> if i could ask about chuck hegel, one of the things he raised was the comments that he made about james hormel who came under fire by anti-gay groups. i am wondering, he made those comments 15 years ago and did not apologize for them until a month ago when it was clear he was in the running to be the secretary of defense. why that kind of delay? does she have to explain this comments -- does he have to explain his comments? >> he regretted them and they do not represent the totality of his use. -- his views. i would point you to the statement he made. and he will have -- senators will have an opportunity through the confirmation process, as they do traditionally and routinely, to ask him questions about his views on issues. the secretary of defense -- senato
Jan 9, 2013 6:00am EST
's talking about the fiscal cliff. rightfully so. >> you mean the debt ceiling? >> yeah, fiscal cliffs i would call it. because i think there will be an interesting debate that we haven't really embedded in the market yet. >> we fixed the fiscal cliff. we're done. we're all good. >> i think we're going to be hearing more about this cliff in the second round. we've already heard it -- >> it abyss? the debt ceiling or abyss? our -- >> both. >> our long-term problems or the debt ceiling? both? >> both. absolutely both. you know, it's maybe early -- >> everybody's got the leave off the zeros, it's compelling. making $22,000. we're spending 38, adding $16,000 to our credit card every year. >> and you owe -- >> we already owe $150 -- $162,000. that does -- that hits home. can you imagine a household trying to operate like that? >> people write back that the analogy is flawed because the household, as a household you're earning currency -- it shows how much we've overspent. >> we cut -- and we raised $38 or something. >> it's too small, right? at $600 billion over ten years, it's not even a dro
Jan 9, 2013 9:00am PST
on issues of the european debt ceiling so he does have that breadth, as well. just a slightly different background and more budget focused background. >> christine romans with the latest. >>> another big talker at the white house is the national debate over guns. it is front and center from the white house to the governor's mansions. vice president biden meeting with victim's advocacy groups. he leads the panel to reduce gun violence. new york governor is expected to propose new gun regulations in his state of the state address in the next hour. and we will have a chat with piers morgan who has found himself under fire in the debate. joe biden says he is listening to all sides in the debate. >> i want to make it clear that we are not going to get caught up in the notion unless we can do everything we are going to do nothing. it is critically important we act. and there are certain things i know a great deal about almost all of the organizations. i have read what you have published and spoken to. and there is a pretty wide consensus on three or four or five things in the gun safety area
Search Results 0 to 16 of about 17 (some duplicates have been removed)